Coats scheme completes £350m buy-in with Aviva

The bulk annuity deal insures the DB liabilities for around 3,700 members

Holly Roach
clock • 1 min read
Coats scheme completes £350m buy-in with Aviva

The Coats UK Pension Scheme has completed a £350m bulk purchase annuity (BPA) buy-in transaction with Aviva, insuring the defined benefit pension liabilities of around 3,700 members.

Through the deal, Aviva has removed the investment and longevity risk for scheme members and confirmed members will see no change in the amount of their benefits or the way in which they are paid. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Armfield scheme agrees £7m buy-in deal with Just Group

Armfield scheme agrees £7m buy-in deal with Just Group

The deal secured the benefits for 24 pensioners and 15 deferred members

Holly Roach
clock 31 October 2024 • 2 min read
St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

Full scheme buy-in secures benefits for 215 pensioners and 55 deferred members

Holly Roach
clock 29 October 2024 • 2 min read
Deutsche Bank and L&G agree £1.1bn buy-in deal

Deutsche Bank and L&G agree £1.1bn buy-in deal

Full buy-in secures the benefits of around 4,000 scheme members

Holly Roach
clock 29 October 2024 • 3 min read
Trustpilot